West Kentucky Regional Industrial Development Authority, Inc.(4 Star Industrial Park), and Geronimo Energy, a National Grid company, announced today the execution of a Purchase agreement as part of the Unbridled Solar Project (Unbridled Solar). The purchase agreement is for 418 acres located in the Park. The solar farm is expected to cover a total of 17-hundred acres along the Henderson- Webster County border.
“This is an exciting day for not only 4 Star Park but our region in general. We are excited to have Geronimo as a part of our park,” stated 4 Star Board Chairman Doug Bell. “With this partnership, our Board will now have the financial capacity to further enhance the park. These enhancements, such as a shell or spec building, will give us a competitive advantage when attracting new industry to our area.”
Anticipated to begin operations at the end of 2023, Unbridled Solar is currently the largest solar project development in the state of Kentucky.
“This is a momentous day in the history of 4-Star, and it is truly a win-win deal,” said Henderson County Judge Executive, Brad Schneider. “Geronimo gained the acreage it needed to generate the power required to make their solar farm viable. The 4-Star board now has the financial resources to make significant improvements to the park, including constructing a spec building, if it so chooses. The improvements could greatly improve the odds of attracting new industry to the park and creating jobs that will benefit all four counties.”
Geronimo Energy, a National Grid (NYSE: NGG) company, is a leading North American renewable energy development company based in Minneapolis, Minnesota, with satellite offices located throughout multiple states in the regions where it develops, constructs, and operates. As a farmer-friendly and community-driven company, Geronimo develops projects for corporations and utilities that seek to repower America’s grid by reigniting local economies and reinvesting in a sustainable future.
“The McLean County Fiscal Court and the Judge/Executive’s Office proudly supports the recent achievement and agreement regarding the creation of a solar energy project on the 4Star Industrial Park Property,” said McLean County Judge Executive, Curtis Dame. “The Court also applauds the work of the 4Star board in its efforts to champion the full potential of this multi-county industrial property. As Judge/Executive I plan to continue this tradition of understanding between the Counties of McLean, Henderson, Union, and Webster to the betterment of future generations. A diverse portfolio of industrial and energy development projects will be pivotal for all counties involved.”
“As a farmer-friendly and community-focused company, Geronimo believes in establishing strong, local roots through successful partnerships with the landowners and community members who host our renewable energy projects,” stated I.P. “Kip” Knelman, Managing Director of Strategy and Investment Relations for Geronimo Energy. “Our partnership with 4 Star Industrial Park aligns with this principle and not only forges a lasting partnership with a local, established pillar of Kentucky, but also enables the project to move forward towards providing significant economic benefit to the local communities in the form of new tax revenue, job creation, increased local spending, and charitable funding.”
“Geronimo Energy has a reputation for being a great community partner,” stated Stephen R. Henry, Webster County Judge Executive. “I look forward to working with their team to see what opportunities can be generated for our area because of this project. With agriculture being so important to us all, I am glad to get a farmer-friendly company like Geronimo.”
“We are excited for the future of 4-Star Industrial Park,” said Missy Vanderpool, Executive Director of Henderson Economic Development. “This is a great project that will have a positive economic impact and create an added value for prospective new industry.”
###
Comments